David Hains continues to work from the Melbourne headquarters of his family's private hedge fund, Portland House Group, while sons Stephen, Richard and Michael take the lead. The fund's portfolio is spread across equities, bonds, cash and property, with some money invested in outside funds. The firm also has offices in New York and London. A former engineer, Hains stopped working for seven years in

the late 1960s to improve his golf game with legendary Australian coach Norman von Nida. He later became known for restructuring companies like U.S. steelmaker Wheeling-Pittsburgh. He bred the 1990 Melbourne Cup winner Kingston Rule. His daughter Cathy has a stud farm in Victoria.

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